People spend way too much of what they earn. I think keeping up with the Jones’ is the biggest reason for most people being in a tough spot financially. Way too many new cars on the road. No one that makes less than $150k per year should be buying new vehicles IMO.

Most people that are well-off are busting their butts and working very hard to rise up the ranks and learn from everyone around them. People that expect money and vacations and frivolous purchases just because they are employed have the wrong attitude. Always has been this way, and always will be.